Xiaomi & Pop Mart Earnings: Seize Opportunities with HK Stock Options?
Next Tuesday (Aug 19), two hot Hong Kong-listed companies — $XIAOMI-W(01810)$ and $POP MART(09992)$ — will release their Q2 earnings.
Xiaomi: EV & Smartphone Businesses in Focus
According to Bloomberg consensus, Xiaomi’s Q2 revenue is expected to reach RMB 115.7B (+30% YoY), with adjusted net profit at RMB 10.2B (+65% YoY).
Bullish: JPMorgan, CICC and others see future potential from Xiaomi’s EV business, AI glasses, and the India market.
Bearish: Some worry about slowing profitability in smartphones and IoT.
Stock performance: +8% in Q2, but down over 11% since July, underperforming the market.
Pop Mart: New IPs Driving Explosive Growth
Labubu is now a global phenomenon, while Crybaby and Twinkle Twinkle are rapidly gaining traction.
In 2024, Crybaby’s revenue surged 1,537% YoY, surpassing RMB 1B, becoming the fastest-growing new revenue pillar.
The market is watching whether new IPs can continue to deliver and if international expansion can open up bigger growth.
📌 How to Use Hong Kong Stock Options to Trade Xiaomi & Pop Mart Earnings?
Hong Kong stock options work just like U.S. options. For popular names like Xiaomi and Pop Mart, Tiger offers exclusive access to HK options so you can take part in earnings season moves.
Buy side: small cost, big payoff potential
If the stock jumps 10% after earnings, buying shares could cost hundreds of thousands, but buying a call option may only cost a few hundred or thousand HKD.
Strategies:
✅ Bullish on earnings beat → Buy Call Options: Low cost, high potential if shares rally.
✅ Bearish on earnings miss → Buy Put Options: Profit if shares drop after results.
⚠️ But note: with earnings so close, implied volatility (IV) may already be high — watch out for IV crush. You could also try with a demo account this time.
“Buffett strategy”: Selling Put Options
Equivalent to “waiting to buy shares at a lower price,” while collecting premium upfront.
Key points for option sellers:
Focus on selling out-of-the-money (OTM) options.
Near resistance → sell calls; near support → sell puts.
If contracts move near-the-money, be prepared for assignment or roll positions.
Take profit if premiums give 10%+ returns in the short term.
Questions:
Do you think Xiaomi’s EV story will “materialize” in this earnings report, or will smartphones/IoT drag more weight?
Can Pop Mart’s new IPs like Crybaby and Labubu continue to hold up the stock price?
If you were to use HK options to play earnings, would you choose buying calls to bet on upside, or selling puts to bet against a major drop?
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For Pop Mart, it’s harder for me to judge the valuation. Labubu and Crybaby show strong IP potential, but much of the optimism may already be priced in. The key risk is whether these IPs can sustain momentum and whether global expansion delivers the same results. I’d rather stay cautious until earnings.
If I were to use HK options, I’d lean towards buying Xiaomi calls since I’m more bullish there — limited risk but high potential upside if EV or AI news surprises. For Pop Mart, I’d consider selling puts after earnings volatility cools down, especially if the stock pulls back but fundamentals remain solid.
@Tiger_SG @Tiger_comments @TigerStars
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I think crybaby and labubu will continue to hold up popmart’s price as the craze is still going strong. There is effectively no rival that has come close to these.
I will prefer to buy calls on both stocks to bet on upside. Alternatively, a combination of buying calls and selling outs would help to manage the risk from unexpected earnings. @Fenger1188 @Kaixiang @Success88 @Wayneqq @SPOT_ON @HelenJanet @DiAngel @Universe宇宙 @LuckyPiggie @SR050321 come join
至于泡泡玛特，我认为它的核心风险在于IP的生命周期。像爱哭鬼、拉布布这种爆款IP确实能在短期内撑起营收，但长期能否持续造血才是关键。一个IP火一阵很容易，但能否持续吸引消费者、不断迭代内容和产品，才决定公司能不能长期维持高估值。如果他们能把潮玩变成一种文化，而不是单纯的盲盒生意，股价才有稳固的支撑。
如果用香港期权来操作，我个人倾向于卖出看跌期权。原因是波动率高的时候，期权费更可观，而我对整体市场的中长期趋势依旧偏乐观。与其豪赌上涨，不如通过收取权利金的方式来降低成本，同时把风险控制在可承受范围内，这种策略在当下更务实。
至于泡泡玛特，爱哭鬼和拉布布这些新IP确实带动了一波话题热度，但IP能否持续转化为业绩，还得看消费者黏性。我担心的是，一旦潮流感下降，单靠盲盒模式撑股价会比较吃力。它需要不断推新，不然很难像迪士尼那样形成长线价值。
如果让我用香港期权来布局，我可能会选择保守一点的策略，比如卖出看跌期权。这样即便股价不如预期上涨，我也能赚到权利金，相对稳健。如果是单纯买入看涨期权，确实能博翻倍，但风险和波动也更大。对财报行情来说，我宁愿稳中求胜。
2. Pop Mart: Labubu & Crybaby remain strong, but fad risk is high. Expansion abroad + gold jewellery helps diversify. Sustained stock support depends on launching new IPs before existing ones peak.
3. Options play:
Buy calls = direct upside bet, but costly with high implied vol.
Sell puts = better if you’re long-term bullish and willing to own at lower price; riskier if earnings disappoint.
Professionals often sell puts on stocks they want to own, while calls suit short-term momentum trades.
@Tiger_SG @TigerClub @TigerEvents
If you already own Xiaomi's shares, a good Options strategy is to Sell a Put Option. You are not chasing upside, you are reinforcing your belief with income and a lower entry point.
This is a strategy of an investor who sees Xiaomi not just as a stock but as a company worth accumulating long term.
@Tiger_SG
@TigerStars @Tiger_comments @CaptainTiger @TigerClub
Labubu現在是一個全球現象，而Crybaby和Twinkle Twinkle正在迅速獲得牽引力。
2024年，愛哭鬼營收激增同比1.537%，超過人民幣1B，成爲增長最快的新營收支柱。
市場正在關注新IP是否能夠繼續交付，以及國際擴張是否能夠帶來更大的增長。
看漲：摩根大通、中金公司等看到了小米電動汽車業務、人工智能眼鏡和印度市場的未來潛力。
看跌：一些人擔心智能手機和物聯網的盈利能力會放緩。
股票表現：第二季度增長8%，但自7月以來下降超過11%，表現遜於市場。